The Economic and Financial Crimes Commission (EFCC) has arraigned two former managing directors of Nigeria’s state-owned refineries over alleged money laundering linked to refinery rehabilitation funds.
The anti-graft agency filed charges against the immediate past Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Adamu Dikko, and former Managing Director of the Warri Refining and Petrochemical Company (WRPC), Jimoh Olasunkanmi Yisawu, over the alleged diversion and laundering of funds meant for refinery maintenance and rehabilitation.
Politics Nigeria reports that the cases were filed before the High Court of the Federal Capital Territory, Abuja.
Dikko is facing a 12-count charge, while Yisawu is facing an eight-count charge.
The EFCC accused both former refinery chiefs of abusing their positions by allegedly receiving funds from contractors handling refinery rehabilitation projects, concealing suspicious payments, and carrying out large cash transactions outside financial institutions in breach of Nigeria’s anti-money laundering laws.
Investigators said the charges are part of a
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